GBP/USD reversed directions last week, as the pair jumped 110 points, closing at 1.5423. This week has 11 events, led by PMI reports and BOE releases. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.
British Prelimary GDP slipped in Q3, briefly sending the pound lower. GBP/USD posted sharp gains late in the week, taking advantage of US consumer confidence numbers, which missed the estimate.
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